"Article" implies to me journalism. I think what you linked was a blog commenting on another blog.
But to the point-- the issue being addressed in the blog is not ordinary savings built up with money that has already been taxed as income. It is about money being hidden away from the knowledge of the IRS by putting it in secret overseas accounts without reporting the initial income to the IRS. That is tax fraud. I imagine these blogs were spurred by the 5,000 or so UBS customers who are getting their info reported to the IRS, customers who thought they had a safe place to hide their income from the IRS.
So I don't think this is about doubly taxings anyone's savings. It is about taxing income at all in the first place.
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